Tag Archives: Miklós Ybl

The latest business venture of Orbán’s son-in-law

István Tiborcz, Viktor Orbán’s son-in-law, pretty well disappeared from the spotlight once OLAF, the European Union’s anti-fraud office, started to investigate his firm, Elios Innovatív Zrt. The firm specialized in LED street lighting technology and practically cornered the market: one city after the other signed contracts with Elios to modernize its street lighting with funds that came from the European Union. With the EU investigation pending, Viktor Orbán and his son-in-law decided that it might be wise for Tiborcz to “sell” his share of the business to Attila Paár, a well-off businessman with excellent connections to the Orbán government.

Only once, in December, did Tiborcz get any media coverage. The story was about Elios’s work in Zalaegerszeg, which seems to have been less than satisfactory. In some parts of the city it is pitch dark, while in others pedestrians have difficulty navigating because the streetlights shine only on the road, leaving the sidewalks practically unlighted. Complaints poured into city hall, which the mayor, naturally a member of Fidesz, “tried to handle discreetly.”

Now the Tiborcz family is back in the news. It seems that István Tiborcz might be one of the investors who purchased the Schossberger Mansion in Tura, which has been described as the most beautiful castle in Hungary, comparable only to the palaces along the Loire River in France.

Who were the Schossbergers? Not much can be learned about them online, but William O. McCagg, Jr.’s Jewish Nobles and Geniuses in Modern Hungary provides quite a bit of information about the family, who were originally from Moravia. The first Hungarian Schossberger who settled in Pest in 1833 was Lázár. His son, Simon Vilmos Schossberg, was the first unconverted Jew to receive nobility from Franz Joseph, in 1863. In 1873 Simon’s son Zsigmond purchased 13,000 hectares from Prince Miklós Esterházy. Ten years later he commissioned a neo-Renaissance mansion based on the plan of Miklós Ybl, one of Europe’s leading architects in the second half of the nineteenth century. Ybl’s best known work is the Hungarian State Opera House (1874-1884).

schossberger

The Schossberger Mansion

After 1944 the mansion was used by the Germans and the Soviet troops. It then became an elementary school. After the regime change it was sold twice, but no one did anything with the building, which would need serious renovation.

Last October a mysterious new buyer showed up: TRA Real Estate Kft., a brand new joint stock company headed by Dr. Judit Tóth. TRA Real Estate Kft. is the parent company of BDPST Ingatlanforgalmazó és Beruházó Zrt., owned by Judith Tóth and Loránd Aurél Szabó, both lawyers. The new buyer wanted to be sure that the city of Tura didn’t have the right of first refusal and therefore sent the law firm of Endre Hamar to approach the city.

It is here that one becomes suspicious. First, Hamar got in touch with the town of Tura on September 7 in the name of TRA, when the firm didn’t yet exist. It was established only a week later. Second, Endre Hamar is a former business partner of István Tiborcz. Third, Hamar’s law firm might exist only on paper. It is ostensibly located in the same building as the headquarters of Elios Zrt. BDPST Ingatlanforgalmazó, which is linked to TRA, also has the same address. As 444.hu notes, Endre Hamar cannot have too many clients, considering that his firm has no website and one cannot even find the firm’s name on the list of businesses renting office space in the building.

Meanwhile, the deal took place. Whoever bought the mansion paid 200 million forints, including a 80 million forint mortgage, to the Széchenyi Bank.

When the the Schossberger Mansion was purchased, the transaction couldn’t be directly linked to István Tiborcz. But three days ago 444.hu found out that it was István Tiborcz himself who paid the 100,000 forint excise tax on August 14, at the time of BDPST’s registration as a new business. What is still a mystery is where TRA Kft. got the millions of forints that it spent on the mansion in Tura. Neither Judith Tóth nor Loránd Aurél Szabó has any other business venture that could fund the purchase.

If Tiborcz is behind BDPST Zrt., he might also have interests in other real estate ventures because BDPST is the part owner of two other businesses dealing with real estate, AMX HS and AMX Nador House. The CEO of both companies is a wealthy Turkish businessman, Suat Gökhan Karakus, who resides in Budapest. The other part owner of these companies is HBRE International Investments B.V. of Amsterdam.

On January 8 Együtt (Together) released a communiqué in which the party asked István Tiborcz and Ráhel Orbán to come forward and explain the source of their wealth. I think Együtt can wait for the day when anyone in the Orbán or, by extension, the Tiborcz family reveals the source of their rapid enrichment. Of course, it would also be nice to know where the 2 million euros came from that Lőrinc Mészáros just invested in the NK Osijek football club. That would be quite a job, not just for an investigative journalist but for a whole slew of the best detectives in Europe and the Americas.